Cloud computing is an emerging technology where serve is maintained by parent software company and domains are to be shared. The small and medium scale industries lacks in using such software because it's of high fixed, operating costs and its privacy. Large scale industries and O.E.Ms are in a position to spend as well are spending the required budget on IT(Information Technology) and control various costs and inventories on day–to-day basis by incorporating latest system software (For example ERP's ,SAP, Sales Force)etc. The maximum population of Indian manufacturing not only comes from small and medium scale industry but also such companies contributes maximum share to Indian GDP. In modern era of Information Technology, the accesses to all information related to a business activity in large scale manufacturing units can be made available at threshold, by certain checks and balances.
Cloud Computing networks access to a shared pool of configurable networks, servers, storage, applications, services, and other computing resources that can be rapidly provisioned and released with least management effort or service provider interaction. In this regard, the paper objective is to examine the impact of cloud accounting technology on the key operational modules used for obtaining accounting data for financial reporting.Ĭloud services characterize all variety of IT capability that is offered by the cloud service hosting to cloud service consumers. Though, before deploying the data and applications in the virtual environment, organizations must take into account the implications of such a decision on the financial reporting process.
Cloud computing allows companies to effectively and economically use IT applications and infrastructures through the model "use as you need and pay as you go". Technological trend of recent years brings forward the concept of cloud computing, an innovative model of processing and storage of data that allows companies to run business processes on IT infrastructures in conditions of economical optimization. In the current economic background companies invest in finding complete solutions for the integration of all business functions (sales, logistics, and accounting association), control, centralized coordination and harmonization of systems and financial management operations, data storage and resilience of services as well as cost savings.
0 kommentar(er)
